From Wikipedia, the free encyclopedia
Indian public sector bank
Bank of India
Relationship beyond Banking
|
Bank of India HQ in BKC
|
Company type
| Public
|
---|
| BSE
:
532149
NSE
:
BANKINDIA
|
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ISIN
| INE084A01016
|
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Industry
| |
---|
Founded
| 7 September 1906
; 117 years ago
(
1906-09-07
)
|
---|
Headquarters
| Mumbai
,
Maharashtra
, India
|
---|
Number of locations
| - 5,139 Branches
- 5,551 ATMs
(March 2023)
|
---|
Key people
| |
---|
Products
| |
---|
Revenue
| ?
66,804 crore
(US$8.0 billion) (2023)
[2]
|
---|
| ?
4,828 crore
(US$580 million) (2023)
|
---|
| ?
3,839 crore
(US$460 million) (2023)
[3]
|
---|
Total assets
| ?
826,035 crore
(US$99 billion) (2023)
[3]
|
---|
Owner
| Government of India
[4]
|
---|
Number of employees
| 50,944(March 2024)
|
---|
Subsidiaries
| BOI Merchant Bankers Ltd
BOI Shareholding Ltd
Bank of India Investment Managers Pvt Ltd Bank of India Trustee Service Pvt Ltd
|
---|
Capital ratio
| 16.06% (Dec 2023)
[3]
|
---|
Website
| www
.bankofindia
.co
.in
|
---|
Bank of India
(
BoI
) is an
Indian public sector bank
headquartered in
Bandra Kurla Complex
,
Mumbai
. Founded in 1906, it has been government-owned since nationalisation in 1969. BoI is a founding member of
SWIFT
(Society for Worldwide Inter Bank Financial Telecommunications), which facilitates provision of cost-effective financial processing and communication services.
As on 31 December 2023, Bank of India's total business stands at
?
1,272,887 crore
(US$150 billion),
[3]
has 5,139 branches and 8166 ATMs & CRM around the world (including 22 overseas branches).
[3]
History
[
edit
]
Bank of India was founded on 7 September 1906 by a group of eminent businessmen from
Mumbai
,
Maharashtra
, India. The Bank was under private ownership and control till 19 July 1969 when it was nationalised along with 13 other banks.
[5]
Beginning with one office in Mumbai, with a paid-up capital of
?
5 million
(US$60,000) and 50 employees, the Bank has made a rapid growth over the years and blossomed into a mighty institution with a strong national presence and sizable international operations. In business volume, the Bank occupies a premier position among the nationalised banks.
The bank has over 5,084 branches in India spread over all states and union territories including specialized branches. These branches are controlled through 54 zonal offices. There are 60 branches, 5 subsidiaries, and 1 joint venture abroad.
The Bank came out with its maiden public issue in 1997 and follow on Qualified Institutions Placement in February 2008.
[5]
CMDs since nationalization
[
edit
]
- 1969?1970 : Tribhovandas Damodardas Kansara
- 1970?1975 : J.N.Saxena
- 1975?1977 : C.P.Shah
- 1977?1980 : H C Sarkar
- 1981?1984 : N Vaghul
- 1984?1986 : T. Tiwari
- 1987?1991 : R. Srinivasan
- 1992?1995 : G. S. Dahotre
- 1995?1997 : G. Kathuria
- 1997?1998 : M.G.Bhide
- 1998?2000 : S Rajagopal
- 2000?2003 : K.V.Krishnamurthy
- 2003?2005 : M.Venugopalan
- 2005?2007 : M Balachandran
- 2007?2009 : T. S. Narayanswami
- 2009?2012 : Alok Kumar Misra
- 2012?2015 : Ms. V.R.Iyer
[6]
- 2015?2015 : B.P. Sharma [Executive Director with Additional charge as MD & CEO]
- 2015?2017 : Melwyn Rego [MD & CEO]
- 2017?2019 : Dinabandhu Mohapatra [MD & CEO]
[7]
- 2019?2023: Atanu Kumar Das
- 2023?Present: Rajneesh Karnatak
See also
[
edit
]
References
[
edit
]
External links
[
edit
]
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Related topics
| Protocol and codes
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Rates and ratios
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Regulators
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Insolvency, bankruptcy
and reconstruction
| Boards
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Legislation
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Companies
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Legislation
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- Banking Regulation Act, 1949
- Government Securities Act, 2006
- IBC, 2016
- NaBFID, 2021
- RBI Act, 1934
- SARFESI Act, 2002
- Income-tax Act, 1961
- Companies Act, 2013
- Insurance Act, 1938
- FEMA, 1999
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